The False Economy of Big Food and the case for a new food economy

New analysis has found that the costs of Britain’s unhealthy food system amount to £268 billion every year – almost equivalent to the total annual UK healthcare spend. The report provides the first comprehensive estimate of the food-related cost of chronic disease, caused by the current food system. The analysis combines direct costs – the costs paid for from the public purse – including healthcare costs, social care costs and welfare, and indirect costs – costs that don’t show up in government accounts – which are productivity losses and human costs. It concludes that £268 billion is the food-related cost of chronic disease in the UK - calculated by combining healthcare (£67.5bn), social care (£14.3bn), welfare (£10.1bn), productivity (£116.4bn) and human cost (£60bn) of chronic disease attributable to the current food ecosystem. The report makes the case for a new economy of food, anchored in three key principles: - the right of every citizen – irrespective of class, income, gender, geography, race or age – to sufficient, affordable, healthy food; - a regulatory environment which curtails the power of Big Food, promotes dietary health and halts the rise of chronic disease; - a financial architecture that redirects money away from perverse subsidies and post-hoc damage limitation, towards preventive healthcare and the production of sustainable, nutritious food